5 ms·

Congressional hearing on the influence of corporate profit on inflation

31 points by SinParadise 4y ago

rayiner 4y ago
Congress investigating whether wet streets cause rain. -_-
Avshalom 4y ago
https://pluralistic.net/2022/10/17/united-states-vs-vons/#more-4267 https://pluralistic.net/2022/10/17/united-states-vs-vons/#mo...
snapcaster 4y ago
I wonder who it's for? Are there actual rabble out here who pay enough attention to notice this hearing is happening but also don't see these hearings for the sham they are?
- SinParadise 4y ago
  In what sense are these hearings a sham? Explain.
  - snapcaster 4y ago
    Oh, nothing meaningful will be accomplished here. It's a dog and pony show to distract from all of the global systemic forces causing inflation. Are there corporations maybe raising prices more than they need to? sure, but nothing happening at this hearing will do anything to address that. Do you disagree with this analysis? Maybe i'm being too cynical
    - SinParadise 4y ago
      Before actions, there needs to be a will to act. Do I believe that having a hearing will guarantee actions? Obviously not. Do I believe that having a hearing is a necessary step towards having a will to act? Yes.
      - snapcaster 4y ago
        A will to act on _what_ exactly? I'm not even clear on what people are hoping comes out of this
        imapeopleperson 4y ago
        Surly a reduction of government command over the economy s/
  - uni_rule 4y ago
    > It is false because I have no intention of believing it It's not even a statement, it's just a hearing but I guess that can also be dismissed if you don't want to hear anything near the idea at all.
    - snapcaster 4y ago
      I didn't think my opinion would be controversial I guess. Open to being too cynical on this. What do you think will come out of these hearings?
- mistrial9 4y ago
  I am unaccustomed to social media -- did you notice that you start by labelling some party to these public events with an insulting label? and then follow with a second word that convicts the entire process without evidence or substantiation? since the words flow easily as spoken, I assume this is common practice, but it is really startling to see in a forum based on evidence and specifics. Nothing that is complex and public is so simple as to convict with one word, and no party to public participation is so one-dimensional as to suffer a derogatory class name without losing real meaning. I call on readers and posters to fall back to learned basic inquiry skills, and to substantiate statements, to raise the level of dialog about emerging public events here.
  - imapeopleperson 4y ago
    I think the main issue is a loss of common sense with the general public. For a lot of people it is glaringly obvious that natural market forces have little to do with inflation (excluding monopolies, duopolies, cartels). Knowing this to be fact, then seeing Congress pretend it isn’t, elicits a terse but well deserved response: sham
  - snapcaster 4y ago
    I recognize my comment was dismissive, because I agree with my sibling comment here. I felt this is so obviously a sham and didn't expect it to be controversial. Do you take issue with the point made or just the tone? Nobody on this thread seems to have explained what exactly makes this not a sham, for anyone even a little bit informed about the world it's obvious that inflation isn't due primarily to corporate profiteering even if that is happening. Do you expect this hearing will help to combat inflation in any meaningful way?
- Am4TIfIsER0ppos 4y ago
  It's for the central bankers: to deflect attention from their printing of money which is the cause of inflation.
  - cyanydeez 4y ago
    Yeah, tax cuts the past decade had nothing to do with it. You know the money press ran for almost 15 years before this inflation.
deleted 4y ago
[deleted]

31 points by SinParadise 4y ago

Congress investigating whether wet streets cause rain. -_-

https://pluralistic.net/2022/10/17/united-states-vs-vons/#more-4267 https://pluralistic.net/2022/10/17/united-states-vs-vons/#mo...

snapcaster 4y ago

I wonder who it's for? Are there actual rabble out here who pay enough attention to notice this hearing is happening but also don't see these hearings for the sham they are?

SinParadise 4y ago
In what sense are these hearings a sham? Explain.
- snapcaster 4y ago
  Oh, nothing meaningful will be accomplished here. It's a dog and pony show to distract from all of the global systemic forces causing inflation. Are there corporations maybe raising prices more than they need to? sure, but nothing happening at this hearing will do anything to address that. Do you disagree with this analysis? Maybe i'm being too cynical
  - SinParadise 4y ago
    Before actions, there needs to be a will to act. Do I believe that having a hearing will guarantee actions? Obviously not. Do I believe that having a hearing is a necessary step towards having a will to act? Yes.
    - snapcaster 4y ago
      A will to act on _what_ exactly? I'm not even clear on what people are hoping comes out of this
      - imapeopleperson 4y ago
        Surly a reduction of government command over the economy s/
- uni_rule 4y ago
  > It is false because I have no intention of believing it It's not even a statement, it's just a hearing but I guess that can also be dismissed if you don't want to hear anything near the idea at all.
  - snapcaster 4y ago
    I didn't think my opinion would be controversial I guess. Open to being too cynical on this. What do you think will come out of these hearings?
mistrial9 4y ago
I am unaccustomed to social media -- did you notice that you start by labelling some party to these public events with an insulting label? and then follow with a second word that convicts the entire process without evidence or substantiation? since the words flow easily as spoken, I assume this is common practice, but it is really startling to see in a forum based on evidence and specifics. Nothing that is complex and public is so simple as to convict with one word, and no party to public participation is so one-dimensional as to suffer a derogatory class name without losing real meaning. I call on readers and posters to fall back to learned basic inquiry skills, and to substantiate statements, to raise the level of dialog about emerging public events here.
- imapeopleperson 4y ago
  I think the main issue is a loss of common sense with the general public. For a lot of people it is glaringly obvious that natural market forces have little to do with inflation (excluding monopolies, duopolies, cartels). Knowing this to be fact, then seeing Congress pretend it isn’t, elicits a terse but well deserved response: sham
- snapcaster 4y ago
  I recognize my comment was dismissive, because I agree with my sibling comment here. I felt this is so obviously a sham and didn't expect it to be controversial. Do you take issue with the point made or just the tone? Nobody on this thread seems to have explained what exactly makes this not a sham, for anyone even a little bit informed about the world it's obvious that inflation isn't due primarily to corporate profiteering even if that is happening. Do you expect this hearing will help to combat inflation in any meaningful way?
Am4TIfIsER0ppos 4y ago
It's for the central bankers: to deflect attention from their printing of money which is the cause of inflation.
- cyanydeez 4y ago
  Yeah, tax cuts the past decade had nothing to do with it. You know the money press ran for almost 15 years before this inflation.

deleted 4y ago

[deleted]